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Explain/ how Five donors have pledged $1 million each over the next four years to Lucky Duck University. With this in mind, answer the following

Explain/ how Five donors have pledged $1 million each over the next four years to Lucky Duck University. With this in mind, answer the following questions:

  • At what point should these pledges be recognized as revenue?
  • How should the payment be valued?
  • How should these pledges be reported as changes in net assets, and in which net assets class should they be informed?

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